Friday, January 12, 2007

TNR Gold, Minera Andes Los Azules Cu discovery Presentation

TNR Gold owns Northern part of Los Azules Property (where both multymeter holes with Cu more than 1.0% are situated) which is optioned to Xtrata with buy back rights:
"TNR owns 100% of the Los Azules Project. TNR has an agreement with Xstrata Copper plc (Xstrata) giving Xstrata an option to earn up to 100% of this Project, with TNR retaining a back-in right of 25% and a 2% NSR. MAI has made an agreement with Xstrata that gives MAI the right to earn up to 100% of Xstrata's option."
Drill results:
"TNR Gold Corp. (TNR.v) is pleased to announce drill results from its Los Azules property in Argentina. Minera Andes Inc. (MAI.v), the project operator, has discovered significant high-grade copper on the Los Azules property. An 11-hole drill program returned intervals up to 1.62 per cent copper ovmeters metres and 1 per cent copper ovmeters metres in separate holes. The new core drilling focused on the previously defined enriched copper target in an area approximatelymeters metres by as much as 1,500 metres, defined by prior drilling. Drilling tested mineralization on both TNR'ss property as well as Minera Andes's adjacent lands. TNR's Los Azules property consists of 20,000 acres located in El Indio gold belt."

Now you can listen to presentation about MAI.v and its discovery on TNR Gold's property:

My take is that the story will make its way to the spotlight and price of TNR.v with zero before the point will be History.
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